“The market move (towards flattening) accelerated last week with the story between Trump and Taylor, who had seemed out of the running.”

 

Tom Simons, money market strategist at Jefferies & Co., New York

 

“What has been priced in is continuity and perhaps a hawkish surprise (hence, the flattening).”

 

Alan Ruskin, global co-head of currency strategy, Deutsche Bank, New York